Scenario 13-1 -Refer to Scenario 13-1

Multiple Choice

Scenario 13-1. Assume the following information for an imaginary, closed economy. $$\begin{array} { l } \text { GDP } = \$ 120,000 ; \text { consumption } = \$ 70,000 ; \text { private savng } = \$ 9,000 \text {; } \\\text { national saving } = \$ 12,000\end{array}$$
-Refer to Scenario 13-1. This economy's government is running a

A) budget surplus of $3,000.
B) budget surplus of $6,000.
C) budget deficit of $3,000.
D) budget deficit of $6,000.